There seems to be some confusion around what I mean by "major cycle low." I'm not saying BTC can never trade below 59K again. What I mean is that the move from 97K to 59K was, in my view, the last major impulsive correction of this cycle. We had 126K > 80K, then 97K to 59K. We completed a textbook 5-wave decline, very similar to 2022. Once the 5th wave extension completes, the dominant trend often begins to reverse. That final extension was the wick to 59K, accompanied by historically low Fear & Greed and clear capitulation after a relentless drop from 97K with almost no meaningful bounce. I've said many times that the low 50Ks remain possible over the coming months. But any move below 59K is, in my opinion, far more likely to be absorbed than to begin another prolonged leg lower. My HTF view hasn't changed. I'm still bullish, still holding my 2x swing long, and I've been buying spot aggressively throughout this range. At the same time, good traders don't become emotionally attached to one outcome. You prepare for alternative scenarios, not because you expect them, but so you can react rationally if they happen.(Killa)